Key Market Indicators
Sri Lanka's gas turbine import is projected to hit approximately $56 million by 2028, up from around $53 million in 2023. This represents a modest annual growth rate of 0.7%. Since 1999, demand for gas turbines in Sri Lanka has increased by an average of 1% each year. On the export side, Sri Lanka's gas turbine shipments are expected to reach nearly $23 million by 2028, rising from about $18 million in 2023. This marks an average annual growth rate of 3.7%. Since 2004, the country's gas turbine supply has seen a robust average annual increase of 6.3%.
